Back in July, Visa announced a challenge incentivizing independent restaurants to go cashless. For business owners, the announcement is one of many recent developments adding to why the cashless trend shouldn’t be ignored.
Tilman Fertitta, Houston billionaire and owner of Landry’s Inc., is still wheeling. In July, Fertitta won Ignite Restaurant Group chains Joe’s Crab Shack and Brick House Tavern + Tap in a bankruptcy court action.
Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced its second quarter marketplace results. Business dining spend through Dinova’s marketplace has increased 21 percent in the second quarter of 2017, with a 16 percent growth in the number of business dining transactions and a 6 percent increase in the average business dining transaction size, over Q2 2016.
Ruby Tuesday has taken its share of bruises in the highly competitive and challenging arena of casual dining. On Monday afternoon, the 605-unit chain released its fourth quarter and fiscal 2017 results, as well as something that’s been missing from recent announcements: A path back to profitability its calling the “Plan to Win.
Famous Dave's of America, Inc. reported financial results for the second quarter ending July 2, 2017.Highlights for the second quarter of 2017:Franchise-operated comparable restaurant sales improved to (3.
The ONE Group Hospitality, Inc. announced its financial results for the second quarter ended June 30.Highlights for the second quarter ended June 30 were as follows:The second quarter marked our 14th consecutive quarter of revenue growth.
J. Alexander’s Holdings, Inc., owner and operator of the J. Alexander’s Restaurants, Redlands Grill, Stoney River Steakhouse and Grill and Lyndhurst Grill collection of restaurants, announced financial results for the second quarter and first six months ended July 2.
July cooked any optimism the restaurant industry might have felt from a promising June. Same-store sales dropped 2.8 percent across the landscape, a significant 1.8 percentage point decline from the previous month, when traffic and sales reached their best marks since 2016.
Chili’s and Maggiano’s parent company Brinker International beat both profit and sales expectations for its fourth quarter of 2017 though the company posted both a revenue and sales decline of 8.1 percent.
DineEquity’s earnings per share and revenue beat analyst estimates Thursday, but it came with the news that flagship brand Applebee’s will shutter up to 135 restaurants in fiscal 2017. This expectation from the company, which also operates IHOP, is more than three times the lower end of its first-quarter range of 40–60 restaurants.
When sales and traffic turned negative for Red Robin in the fourth quarter of 2015, the casual dining chain looked to its most loyal guests for answers. Research within its Red Robin Royalty base showed four major concerns: Speed and quality of service; value perception; ineffective advertising; and, lastly, the absence of carryout and delivery.
J. Alexander’s Holdings, Inc., parent company of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill, and Lyndhurst Grill, announced it entered into a definitive agreement to acquire 99 Restaurants, LLC in an all-stock transaction valued at about $199 million.
Tex-Mex casual dining chain Chuy’s Holdings disappointed investors in its financial report Thursday when it announced its third straight quarter of same-store comparable sales decreases, falling by 1 percent.
Call it a lack of communication. On Wednesday afternoon, following The Cheesecake Factory’s earnings review, the brand responded to its first negative gains after 29 positive quarters with a leveled view.
Ruth’s Hospitality Group, Inc. reported unaudited financial results for its second quarter ended June 25, 2017 and announced a quarterly cash dividend of $0.09 per share to be paid in the third quarter.